I see that Bitcoin has risen again to $77K range, but the weird part is that the funding rates on major exchanges continue to show bearish signals. It seems like the price action is not aligned with the actual market sentiment, so the setup is a bit sketchy right now.

If you know, the funding rate is basically the mechanism used by exchanges to balance perpetual contracts. When the rate is high, market sentiment is bullish. When it's low, bearish. And right now, what I see on Coinglass is that the majority of major trading platforms are signaling an overall bearish bias even though Bitcoin is rising.

So basically, there's a disconnect between price and funding rate crypto metrics. Bitcoin is pumping but traders overall are not convinced that this is sustainable. It could be a bear trap rally or consolidation before another dump. Worth watching how the funding rates behave in the next few days to confirm where the market is really heading.